CACTUSNET: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CACTUSNET
Largest movements
- Cash -€29,838
down €29,838 (-22.9%), from €130,316 to €100,478
mainly Contributions, distributions and other (-€115,493) and Current investments (-€10,444)
- Current investments +€10,444
new in 2025: €10,444
- Receivables within one year -€4,475
down €4,475 (-5.3%), from €84,172 to €79,697
of which Trade receivables: -€8,666
- Tangible fixed assets -€2,696
down €2,696 (-23.1%), from €11,694 to €8,998
- Reserves -€27,372
down €27,372 (-47.7%), from €57,372 to €30,000
- Other debts +€6,538
up €6,538 (+5.9%), from €110,075 to €116,613
- Tax, wage and social debts -€4,520
down €4,520 (-11.3%), from €39,962 to €35,442
- Depreciation -€4,754
down €4,754 (-46.5%), from €10,215 to €5,461
- Taxes -€3,946
down €3,946 (-14.2%), from €27,754 to €23,809
- Gross operating margin -€3,680
down €3,680 (-3.0%), from €121,701 to €118,022
- Financial charges -€2,148
down €2,148 (-91.5%), from €2,349 to €200
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,830 | €200,964 | -€25,867 | -11.4% |
| Fixed assets | 21/28 | €12,094 | €9,398 | -€2,696 | -22.3% |
| Tangible fixed assets | 22/27 | €11,694 | €8,998 | -€2,696 | -23.1% |
| Furniture and vehicles | 24 | €11,694 | €8,998 | -€2,696 | -23.1% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €214,736 | €191,565 | -€23,171 | -10.8% |
| Amounts receivable within one year | 40/41 | €84,172 | €79,697 | -€4,475 | -5.3% |
| Trade receivables | 40 | €84,172 | €75,506 | -€8,666 | -10.3% |
| Other amounts receivable | 41 | - | €4,191 | +€4,191 | |
| Current investments | 50/53 | - | €10,444 | +€10,444 | |
| Cash at bank and in hand | 54/58 | €130,316 | €100,478 | -€29,838 | -22.9% |
| Deferred charges and accrued income | 490/1 | €248 | €946 | +€698 | +280.9% |
| Total equity and liabilities | 10/49 | €226,830 | €200,964 | -€25,867 | -11.4% |
| Equity | 10/15 | €75,972 | €48,600 | -€27,372 | -36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,372 | €30,000 | -€27,372 | -47.7% |
| Distributable reserves | 133 | €57,372 | €30,000 | -€27,372 | -47.7% |
| Amounts payable | 17/49 | €150,858 | €152,364 | +€1,505 | +1.0% |
| Amounts payable within one year | 42/48 | €150,858 | €152,364 | +€1,505 | +1.0% |
| Trade debts | 44 | €821 | €309 | -€513 | -62.4% |
| Suppliers | 440/4 | €821 | €309 | -€513 | -62.4% |
| Taxes, remuneration and social security | 45 | €39,962 | €35,442 | -€4,520 | -11.3% |
| Taxes | 450/3 | €39,962 | €35,442 | -€4,520 | -11.3% |
| Other amounts payable | 47/48 | €110,075 | €116,613 | +€6,538 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,215 | €5,461 | -€4,754 | -46.5% |
| Other operating charges | 640/8 | €506 | €431 | -€75 | -14.8% |
| Non-recurring operating charges | 66A | €75 | - | -€75 | |
| Gross operating margin | 9900 | €121,701 | €118,022 | -€3,680 | -3.0% |
| Operating profit (loss) | 9901 | €110,906 | €112,130 | +€1,223 | +1.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2500.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2500.0% |
| Financial charges | 65/66B | €2,349 | €200 | -€2,148 | -91.5% |
| Recurring financial charges | 65 | €2,349 | €200 | -€2,148 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €108,558 | €111,930 | +€3,372 | +3.1% |
| Income taxes | 67/77 | €27,754 | €23,809 | -€3,946 | -14.2% |
| Profit (loss) for the period | 9904 | €80,803 | €88,121 | +€7,318 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,803 | €88,121 | +€7,318 | +9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.